Mian Muhammad Mansha
| Mian Muhammad Mansha | |
|---|---|
| Born | 1948 Chiniot, Punjab, Pakistan |
| Residence | Lahore, Punjab Pakistan |
| Nationality | Pakistani |
| Citizenship | Pakistan |
| Alma mater | University of the Punjab |
| Occupation | Businessman |
| Net worth | US$ 1 billion or less; nearly US$ 2.6 billion |
| Spouse(s) | 1 |
| Children | 4 children |
Mian Muhammad Mansha (Urdu: میاں محمد منشاء) is a prominent Pakistani industrialist and entrepreneur with major businesses setup in Pakistan. With decades of success to his credit, he is among the highest tax paying individuals in Pakistan. By 2015, he has paid a total tax of PKR 100 billion, which is a record-breaking public achievement. He is the chairman and CEO of the Nishat Group.
He is the only Pakistani ever selected for a special Lunch with the UK Financial Times. According to Forbes listings in 2010, he was the 937th richest person in the world.
Mansha was born in Lahore to a wealthy Chinioti Punjabi family, his privileged upbringing allowed him to enjoy an early business education in University of Punjab. His childhood was spent in Faisalabad from where he also started his career as one of the most prominent industrialist of Pakistan. His textile mill in Faisalabad under the name of Nishat Mills still is one of the biggest textile units in Faisalabad. He formally joined the family business after completing his studies in London. He has balance of worth US$2.5 billion till 2013 Apart from these large acquisitions, he was simultaneously expanding his Nishat Textiles segment, Nishat Textiles is Pakistan's largest fabric mill.
Mansha's conglomerate greatly benefited from the privatization drive of the 1990s. Through this period, he made a number of acquisitions and buy-outs, including engineering at least one hostile takeover. When the dust settled, Mansha had acquired a controlling position in Adamjee Group, the country's largest non-life insurer, and D.G. Khan Cement, previously owned by the Saigol family. While going through these large acquisitions, he was simultaneously expanding his Nishat Textiles segment, Nishat Textiles is Pakistan's largest fabric mill.
But all these achievements, perhaps, play third fiddle to Mansha's master-stroke: the acquisition of one of Pakistan's most profitable banks, MCB Bank Limited. Competing with several other bidders in a privatization process, there were several challenges to overcome, but ultimately he persevered. Under Mansha's watch, MCB Bank has demonstrated execution and growth and which has made it one of the premier financial service management teams in the Indian subcontinent. Today, MCB Bank is one of the top 4 banks in the country and leads in terms of market capitalization with a massive employee base of roughly 18,000.
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